Recently, the Indian healthcare firm decided to postpone its plans to raise 3 billion rupees via bonds citing high costs of local borrowing. .

The country's equity capital market has been sluggish in 2011 with companies raising $7.1 billion in the first half of 2011, down nearly 42% from the same period last year, data from Thomson Reuters showed.

Shares of Apollo Hospitals, which have gained 5.15% in value terms over the last six months, closed at 498.40 rupees on Friday, up 0.7% in a weak Mumbai market.